From Jane's online
Australia will boost its defence spending by 10.6 per cent to AUD22 billion (USD18.2 billion) over the next 12 months: Canberra's biggest annual increase in military expenditure in more than 30 years.
Reflecting concerns over the country's increasingly complex strategic environment, the 2007-08 defence budget totals 9.3 per cent of all government outlays for the financial year and two per cent of Gross Domestic Product. Adjusted for inflation, it represents a 47 per cent increase in annual defence spending since 1996.
How stupid can you get, putting more money into defence just because your forces are engaged on ops. What would the UK MOD do with a 10.6% increase in funding in one year - probably manage to pay for what we have got...